Pictet Asset Management SA boosted its position in B2Gold Corp. (NYSEAMERICAN:BTG – Get Rating) (TSE:BTO) by 19.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,453 shares of the basic materials company’s stock after purchasing an additional 13,425 shares during the quarter. Pictet Asset Management SA’s holdings in B2Gold were worth $279,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Aire Advisors LLC purchased a new stake in B2Gold in the 2nd quarter valued at $34,000. Oppenheimer & Co. Inc. purchased a new stake in B2Gold in the 2nd quarter valued at $35,000. Castle Wealth Management LLC purchased a new stake in B2Gold in the 2nd quarter valued at $36,000. Kellett Schaffner Wealth Advisors LLC purchased a new stake in B2Gold in the 2nd quarter valued at $42,000. Finally, Power Corp of Canada purchased a new stake in B2Gold in the 1st quarter valued at $49,000. 52.70% of the stock is owned by institutional investors and hedge funds.
B2Gold Trading Up 2.0 %
NYSEAMERICAN BTG opened at $3.55 on Thursday. The firm has a market cap of $3.81 billion, a PE ratio of 8.26 and a beta of 1.01. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.89 and a quick ratio of 3.54. B2Gold Corp. has a twelve month low of $2.81 and a twelve month high of $5.07.
B2Gold Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Wednesday, September 21st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Tuesday, September 20th. B2Gold’s payout ratio is currently 37.21%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. M Partners restated a “buy” rating on shares of B2Gold in a report on Tuesday, November 1st. Scotiabank lowered their price target on B2Gold from C$8.25 to C$7.50 in a report on Monday, October 24th. Stifel Nicolaus lowered their price target on B2Gold from C$7.25 to C$7.00 in a report on Wednesday. National Bank Financial lowered their price target on B2Gold from C$7.50 to C$7.00 in a report on Thursday, October 13th. Finally, TheStreet cut B2Gold from a “b-” rating to a “c+” rating in a report on Tuesday, August 9th.
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
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